Reuters - Daily Investor Update

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Wednesday, July 19, 2017

Justice Department expected to drop $3 million Harley-Davidson emissions penalty: sources

WASHINGTON (Reuters) - The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, sources briefed on the matter said.

Morgan Stanley chooses Frankfurt as EU hub post Brexit: source

FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city.

JPMorgan posts higher profit; shares dip on net interest income view

(This version of the 14th July story corrects market revenue to $4.8 billion from $3.22 billion in next-to-the-last paragraph)

JPMorgan's Jamie Dimon lashes out against Washington politics

((Second paragraph contains language that may offend some readers))

Russia will struggle to turn on Siemens turbines in sanctions-bound Crimea

MOSCOW (Reuters) - Russia outfoxed European Union sanctions by delivering gas turbines made by Germany's Siemens to the annexed Ukrainian region of Crimea. Now for the hard part, switching them on.

Tech lifts Nasdaq, S&P to new highs; IBM weighs on Dow

(Reuters) - The Nasdaq and the S&P traded at record levels in late morning trading on Wednesday, powered by technology and healthcare stocks, while IBM capped gains on the Dow.

World stocks run win streak to nine days as earnings heat up

NEW YORK (Reuters) - A gauge of global stocks climbed for a ninth straight session on Wednesday after a slew of corporate earnings reports in the United States and Europe, while the dollar bounced moderately off of 10-month lows.

Exclusive: Three sides agree on seven rounds of NAFTA talks - sources

MEXICO CITY/OTTAWA (Reuters) - U.S., Mexican and Canadian trade officials plan to hold seven rounds of talks at three-week intervals in a bid to wrap up the renegotiation of the North American Free Trade Agreement (NAFTA) rapidly, Mexican sources familiar with the situation said.

Oil jumps nearly 1.5 percent; big U.S. inventory draws surprise

NEW YORK (Reuters) - Oil prices jumped almost 1.5 percent on Wednesday, extending gains after a U.S. government report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.

Qatar's $300 billion conundrum: how liquid are its reserves?

DUBAI/DOHA (Reuters) - When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term.